Common use of Pro-Rata Credit Extensions Clause in Contracts

Pro-Rata Credit Extensions. (a) All payments (whether in respect of principal, interest or otherwise) pursuant to this Agreement or any other Loan Document with respect to Pro-Rata Credit Extensions or any other amount payable hereunder (other than amounts payable with respect to Non-Rata Revolving Loans, Bid Rate Loans, Non-Rata Reimbursement Obligations, fees payable pursuant to Section 4.3 (which fees shall be paid directly by Micro or the relevant Borrower to the relevant payee), 11.3 or 11.4 and payments made to a Terminating Lender pursuant to Section 9.4), shall be made by Micro to the Administrative Agent for the account of each Lender based upon its Percentage in the case of Pro-Rata Letters of Credit and its Percentage in the case of any Pro-Rata Revolving Loan (such Percentage to be calculated on the date each such Pro-Rata Revolving Loan was made). All such payments required to be made to the Administrative Agent shall be made, without set-off, deduction or counterclaim, not later than 1:00 p.m., Eastern time, on the date when due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Micro. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall, except as otherwise required pursuant to clause (d) of the definition of Interest Period, be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be.

Pro-Rata Credit Extensions. (a) All payments (whether in respect of principal, interest or otherwise) pursuant to this Agreement or any other Loan Document with respect to Pro-Rata Credit Extensions or any other amount payable hereunder shall be made by the relevant Borrower in the Available Currency in which the Obligation was denominated (the "REQUIRED CURRENCY"). All such payments (other than amounts payable with respect to Non-Rata Revolving Loans, Bid Rate Loans, Non-Rata Reimbursement Obligations, fees payable pursuant to Section SECTION 4.3 (-- which fees shall be paid directly by Micro or the relevant Borrower to the Administrative Agent for the account of the relevant payee), payee -- 11.3 or 11.4 and payments made to a Terminating Lender pursuant to Section SECTION 9.4), ) shall be made by Micro the relevant Primary Borrower to the Administrative Agent for the account of each Lender based upon its Adjusted Percentage in the case of Pro-Rata Letters of Credit and its Adjusted Percentage in the case of any Pro-Rata Revolving Loan (such Adjusted Percentage to be calculated on the date each such Pro-Rata Revolving Loan was made). All such payments required to be made to the Administrative Agent shall be made, without set-off, deduction or counterclaim, not later than 1:00 p.m., Eastern London time, on the date when due, in same day or 59 immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Microthe relevant Primary Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall, except as otherwise required pursuant to clause CLAUSE (d) of the definition of Interest Period, be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be.

Pro-Rata Credit Extensions. (a) All payments (whether in respect of principal, interest or otherwise) pursuant to this Agreement or any other Loan Document with respect to Pro-Rata Credit Extensions or any other amount payable hereunder shall be made by the relevant Borrower in the currency in which the Obligation was denominated (the "REQUIRED CURRENCY"). All such payments (other than amounts payable with respect to Non-Rata Revolving Loans, Bid Rate Loans, Non-Rata Reimbursement Obligations, fees payable pursuant to Section SECTION 4.3 (-- which fees shall be paid directly by Micro or the relevant Borrower to the Administrative Agent for the account of the relevant payee), payee -- 11.3 or 11.4 and payments made to a Terminating Withdrawing Lender pursuant to Section SECTION 9.4), shall be made by Micro the relevant Borrower to the Administrative Agent for the account of each Lender based upon its Adjusted Percentage in the case of Pro-Rata Letters of Credit and its Adjusted Percentage in the case of any Pro-Rata Revolving Loan (such Adjusted Percentage to be calculated on the date each such Pro-Rata Revolving Loan was made). All such payments required to be made to the Administrative Agent shall be made, without set-off, deduction or counterclaim, not later than 1:00 p.m., Eastern Toronto time, on the date when due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Microthe relevant Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall, except as otherwise required pursuant to clause CLAUSE (d) of the definition of Interest Period, be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be.